Home > Credit Card Reviews > These Cards will Automatically Redeem Your Credit Card Rewards For You

Comments 0 Comments

[DISCLOSURE: Cards from our partners are mentioned below.]

It can be difficult for busy or absentminded people to remember to redeem their credit card rewards on a regular basis. But when they don’t, rewards go unused and in some cases are vulnerable to expiration dates.

Many credit card issuers are happy to leave your rewards untouched, as it saves them money. But a few credit cards will let you set up automatic redemptions so you’re never leaving rewards on the table.

Here are three credit cards that will automatically redeem your credit card rewards for you.

  1. Bank of America Cash Rewards

Rewards: 3% cash back on gas and 2% cash back at grocery stores and wholesale clubs for up to $2,500 in combined purchases each quarter; 1% cash back on all other purchases.

Sign-Up Bonus: $150 cash rewards bonus if you spend $500 in the first 90 days.

Annual Fee: $0

Annual Percentage Rate (APR): 0% APR for 12 months on purchases and balance transfers, then variable 14.24% to 24.24% APR.

Why We Picked It: Your cash back rewards are eligible for automatic redemption, and Bank of America customers can see additional value.

Automatic Redemptions: Your cash back can be redeemed for a statement credit, check, or bank deposit once you’ve earned $25 in rewards. Cardholders receive an additional 10% cash back when they redeem for a deposit into a Bank of America checking or savings account or an eligible Merrill Lynch Cash Management account. You can easily opt for automatic redemptions from within your rewards portal, and your cash rewards will automatically redeem on a recurring basis provided you’ve met the $25 threshold.

Drawbacks: If you don’t have a Bank of America or eligible Merrill Lynch account, you won’t earn as much cash back.

  1. Capital One Quicksilver Cash Rewards Credit Card

Rewards: 1.5% cash back on all purchases.

Sign-Up Bonus: $150 cash bonus if you spend $500 in the first three months.

Annual Fee: $0

APR: 0% APR for 9 months on purchases and balance transfers, then14.49% - 24.49% (Variable) APR.

Why We Picked It: This card offers multiple automatic redemption options.

Automatic Redemptions: Every purchase earns 1.5% cash back, which can be redeemed for a check or statement credit. Your rewards can be automatically redeemed at a predetermined time every calendar year or once you reach a specific threshold ($25, $50, $100, or $200).

Drawbacks: There are higher cash back rates available, especially if you’re willing to put a little more work in.

  1. Charity Charge Mastercard

Rewards: 1% cash back on all purchases for the nonprofit(s) of your choice.

Sign-Up Bonus: None

Annual Fee: $0

APR: 1.99% APR on purchases and balance transfers for six months, then the prime rate plus 6.99% to the prime rate plus 16.99% APR.

Why We Picked It: This card helps the charitable support the causes they care about.

Automatic Redemptions: Every purchase earns 1% cash back, which is automatically donated to your nonprofit of your choice on a quarterly basis. You can select up to three charities and your cash back donations are tax deductible.

Drawbacks: Other cards earn rewards at a higher rate, and with a little more work you could manually donate them to your favorite charity.

How to Choose a Credit Card for Automatic Redemption 

Before you pick a card with automatic redemptions, you should ask yourself what’s stopping you from regularly redeeming your current rewards. If it’s simply a matter of forgetfulness, a recurring calendar reminder could solve your woes.

Make sure to carefully evaluate the redemption options of any card you’re considering. The ideal card offers redemptions that you’ll actually be motivated to use; otherwise, the card won’t be as valuable.

If you find it difficult to pay attention to credit card rewards, avoid cards that make you jump through too many hoops or constantly change cash back categories. These cards will likely be too much work to track.

What Credit is Needed for a Card With Automatic Redemptions?

Most of the cards on this list require good to excellent credit to qualify. Make sure to check your credit score before you apply for a card, as hard inquiries can ding your credit score a few points, and you don’t want to bother unless you have a good chance of approval. You can check your credit score for free at Credit.com.

You can also carry on the conversation on our social media platforms. Like and follow us on Facebook and leave us a tweet on Twitter.

At publishing time, the Capital One Quicksilver Cash Rewards Credit Card is offered through Credit.com product pages, and Credit.com is compensated if our users apply for and ultimately sign up for any of these cards. However, this relationship does not result in any preferential editorial treatment. This content is not provided by the card issuer(s). Any opinions expressed are those of Credit.com alone, and have not been reviewed, approved, or otherwise endorsed by the issuer(s).

Note: It’s important to remember that interest rates, fees, and terms for credit cards, loans, and other financial products frequently change. As a result, rates, fees, and terms for credit cards, loans, and other financial products cited in these articles may have changed since the date of publication. Please be sure to verify current rates, fees, and terms with credit card issuers, banks, or other financial institutions directly.

Image: iStock

Comments on articles and responses to those comments are not provided or commissioned by a bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by a bank advertiser. It is not a bank advertiser's responsibility to ensure all posts and/or questions are answered.

Please note that our comments are moderated, so it may take a little time before you see them on the page. Thanks for your patience.

Certain credit cards and other financial products mentioned in this and other sponsored content on Credit.com are Partners with Credit.com. Credit.com receives compensation if our users apply for and ultimately sign up for any financial products or cards offered.

Hello, Reader!

Thanks for checking out Credit.com. We hope you find the site and the journalism we produce useful. We wanted to take some time to tell you a bit about ourselves.

Our People

The Credit.com editorial team is staffed by a team of editors and reporters, each with many years of financial reporting experience. We’ve worked for places like the New York Times, American Banker, Frontline, TheStreet.com, Business Insider, ABC News, NBC News, CNBC and many others. We also employ a few freelancers and more than 50 contributors (these are typically subject matter experts from the worlds of finance, academia, politics, business and elsewhere).

Our Reporting

We take great pains to ensure that the articles, video and graphics you see on Credit.com are thoroughly reported and fact-checked. Each story is read by two separate editors, and we adhere to the highest editorial standards. We’re not perfect, however, and if you see something that you think is wrong, please email us at editorial team [at] credit [dot] com,

The Credit.com editorial team is committed to providing our readers and viewers with sound, well-reported and understandable information designed to inform and empower. We won’t tell you what to do. We will, however, do our best to explain the consequences of various actions, thereby arming you with the information you need to make decisions that are in your best interests. We also write about things relating to money and finance we think are interesting and want to share.

In addition to appearing on Credit.com, our articles are syndicated to dozens of other news sites. We have more than 100 partners, including MSN, ABC News, CBS News, Yahoo, Marketwatch, Scripps, Money Magazine and many others. This network operates similarly to the Associated Press or Reuters, except we focus almost exclusively on issues relating to personal finance. These are not advertorial or paid placements, rather we provide these articles to our partners in most cases for free. These relationships create more awareness of Credit.com in general and they result in more traffic to us as well.

Our Business Model

Credit.com’s journalism is largely supported by an e-commerce business model. Rather than rely on revenue from display ad impressions, Credit.com maintains a financial marketplace separate from its editorial pages. When someone navigates to those pages, and applies for a credit card, for example, Credit.com will get paid what is essentially a finder’s fee if that person ends up getting the card. That doesn’t mean, however, that our editorial decisions are informed by the products available in our marketplace. The editorial team chooses what to write about and how to write about it independently of the decisions and priorities of the business side of the company. In fact, we maintain a strict and important firewall between the editorial and business departments. Our mission as journalists is to serve the reader, not the advertiser. In that sense, we are no different from any other news organization that is supported by ad revenue.

Visitors to Credit.com are also able to register for a free Credit.com account, which gives them access to a tool called The Credit Report Card. This tool provides users with two free credit scores and a breakdown of the information in their Experian credit report, updated twice monthly. Again, this tool is entirely free, and we mention that frequently in our articles, because we think that it’s a good thing for users to have access to data like this. Separate from its educational value, there is also a business angle to the Credit Report Card. Registered users can be matched with products and services for which they are most likely to qualify. In other words, if you register and you find that your credit is less than stellar, Credit.com won’t recommend a high-end platinum credit card that requires an excellent credit score You’d likely get rejected, and that’s no good for you or Credit.com. You’d be no closer to getting a product you need, there’d be a wasted inquiry on your credit report, and Credit.com wouldn’t get paid. These are essentially what are commonly referred to as "targeted ads" in the world of the Internet. Despite all of this, however, even if you never apply for any product, the Credit Report Card will remain free, and none of this will impact how the editorial team reports on credit and credit scores.



Your Stories

Lastly, much of what we do is informed by our own experiences as well as the experiences of our readers. We want to tell your stories if you’re interested in sharing them. Please email us at story ideas [at] credit [dot] com with ideas or visit us on Facebook or Twitter.

Thanks for stopping by.

- The Credit.com Editorial Team